Question: Using the information given in Production table below answer the attached question. Set up cost is $ 2 0 and holding cost is . 0

Using the information given in Production table below answer the attached question. Set up cost is $20 and holding cost is .02 per week.
Week Requirements
130
240
330
440
560
670
730
860
9100
1050
Question at position 29
29
5 points
Question at position 29
What is the Economic Order Quantity for demand requirements assuming they remain similar throughout the year? Round to the whole number.
What is the Economic Order Quantity for demand requirements assuming they remain similar throughout the year? Round to the whole number.
Type your answer...
Question at position 30
30
5 points
Question at position 30
Using the Economic Order Quantity to set the production amount, what is the total cost for inventory and production after 10 weeks? All orders are filled as needed. Round to two decimals.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!